Home / Chambers of Commerce / Karachi Chamber of Commerce and Industry’s President, has expressed condolences on the death of patients at Pakistan Institute of Cardiology

Karachi Chamber of Commerce and Industry’s President, has expressed condolences on the death of patients at Pakistan Institute of Cardiology

Karachi: Mian Abrar articulated that it is a matter of concern to target the pharmaceutical industries of Karachi as a whole with bad publicity which will also hamper the pharmaceutical exports as well as shake the confidence of citizens on the Pharma companies.

He said that Karachi city holds the largest industrial base of Pakistan as well as the Pharmaceutical companies which are manufacturing the quality medicines to cater the national needs as well as export to Middle East, ASEAN countries, CIS, African and other regional countries.

He stated that the alleged pharmaceutical company had registered several medicines in Pakistan and was manufacturing life-saving medicines since last 35 years and exporting to more than 20 countries and supplying all over Pakistan. He said that owing to good reputation in Pakistan and abroad since last 35 years, chances of conspiracy to malign the name of alleged company may not be ruled out.

He urged to stop undue victimization, provide fair chance to the owners of alleged Pharma company to clarify their position and allow them an opportunity to carryout company’s internal audit and investigation in this regard.

He said that Judicial Commission is formed which is investigating the matter, therefore, undue victimization and bad publicity should be stopped. He voiced that it has been observed that such cases sometimes occur in other developed countries also. The procedures of Drug Act 1976 and prevailing laws and procedures be followed.

He urged all concerned to stop mal-handling of the matter as it is an isolated case and wait for the judicial commission’s report, otherwise, it will bring a killing impact on the domestic pharmaceutical industry of around 400 manufacturing units which meets the 70 percent national need, and the export of medicine around 200 Million dollars will be severely affected. He said that today, Pakistan has a very vibrant and forward looking Pharma Industry around 400 pharmaceutical manufacturing units including those operated by 25 multinationals present in the country.

The Pakistan Pharmaceutical Industry meets around 70% of the country’s demand of Finished Medicine and employs over 4 million people and giving white collar jobs and a major source of employment to females. The National Pharma industry has shown a progressive growth over the years, particularly over the last one decade and such case of victimization Pharma industries will have damaging affect on the entire pharmaceutical industry.

For more information, contact:
M. Shafiq Baig
Public Relations Officer
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road,
Shahrah-e-Liaquat, Karachi-74000
Tel: +9221 9921 8001 -09
Fax: +9221 9921 8010
Email: pro@kcci.com.pk, pro2@kcci.com.pk
Website: http://www.kcci.com.pk/

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